Latest Drilling Program News

Tennant Minerals has begun a multi-stage diamond drilling campaign targeting extensions and possible repetitions of its high-grade Bluebird copper-gold-bismuth discovery. The program tests an interpreted 1.5km structural corridor, but the Warrego-scale comparison remains an exploration target rather than an estimate of mineralisation.

Zinc of Ireland has secured firm commitments for a $3.2 million placement to fund ARGO critical-mineral recovery work, VOLTA battery-recycling development and drilling at Kildare. The raise gives the company a defined execution schedule, but adds 180 million new shares before several commercial milestones remain unproven.

Albright Metals is moving its Golden Pike project towards a scoping study after defining a 54,200-ounce gold resource at Vail Road, including 22,500 ounces in the Indicated category. The company has also improved its cash position through the quarter, but reported only 1.4 quarters of funding based on current operating outflows.

Antilles Gold’s significantly oversubscribed rights issue has expanded into a $3.45 million capital raising, giving the company additional funding while it seeks to lift US sanctions affecting its Cuban joint venture. The extra $900,000 is earmarked largely for La Demajagua drilling, but only if the sanction is removed.

Corazon Mining has returned broad gold intercepts from the first two holes of its Chalice drilling campaign, including 4 metres at 9.93 g/t gold. The results offer an early test of extensions south of the historical pit, with most assays still pending.

Kantra Copper says laboratory testing achieved copper recoveries above 90% and gold recoveries above 50% from Coburn mineralisation using the existing Kanmantoo processing flowsheet. The result reduces a key metallurgical risk in the Pre-Feasibility Study, although rail logistics and deposit variability remain unresolved.

Lux Copper’s first three diamond holes at the Baird project in Alaska have intersected broad zones of visually identified copper mineralisation from surface and at depth. The company now faces the more consequential test: laboratory assays expected in November.

Barton Gold has completed its 38,760-metre Phase 2 drilling program at Tunkillia with a series of broad, high-grade gold intersections across planned starter pits. The results now feed into an updated gold Resource, followed by a silver update and pre-feasibility study targeted for the first quarter of 2027.

Southern Cross Gold’s latest infill drilling at Sunday Creek has delivered some of its strongest composite intersections, including 2.7 metres at 178.4 g/t gold and 6.8 metres at 49.8 g/t gold. The tighter drilling also extended Golden Dyke west towards Christina and uncovered four vein sets outside the current Exploration Target.

Auric Mining has completed settlement on the Union Jack gold project near Coolgardie for A$6.5 million in cash, with a further A$3.0 million in shares subject to shareholder approval. The 102,000-ounce Inferred resource will be tested by a major drilling campaign from November as Auric builds feed options for its planned Burbanks restart.

Corazon Mining has exercised its option to secure an 80% interest in the 154-square-kilometre Feather Cap Gold Project after drilling confirmed shallow, high-grade mineralisation at Wembley. The company now faces the more difficult task of proving scale, continuity and economic significance through follow-up drilling.

TMK Energy’s Gurvantes XXXV Pilot Well Project delivered record September gas production, with average output rising 8% month on month to 872 cubic metres a day. Workover and drilling rigs are now being mobilised, while a gas-to-power investment decision is due before the end of October.